Director/PDMR Shareholding
11/05/2022 07:00
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RNS Number : 0122L Ncondezi Energy Limited 11 May 2022
News Release
Non-Executive Director/ PDMR dealing
11 May 2022: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL)
announces that it has been notified that on 09 May 2022, Scott Fletcher,
Non-Executive Director, purchased an aggregate of 5,000,000 ordinary shares
of no par value ("Ordinary Shares").
Following this transaction, Scott Fletcher's beneficial interest in Ordinary
Shares in the Company is 81,823,020 Ordinary Shares, representing 19.9 per
cent. of the Company's issued share capital.
Enquiries
For further information please visit www.ncondezienergy.com or contact:
Ncondezi Energy Hanno Pengilly +27 (0) 71 362 3566
Liberum Capital Limited Scott Mathieson, Edward Thomas, Kane Collings +44 (0) 20 3100 2000
NOMAD & Joint Broker
Novum Securities Limited Colin Rowbury +44 (0) 20 7399 9427
Joint Broker
Pimlico Advisory Ltd Elizabeth Johnson +44 (0) 777 56 55 927
Investor Relations
The notification below is made in accordance with the requirements of the EU
Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Scott Fletcher
2 Reason for the notification
a) Position/status Non-Executuve Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ncondezi Energy Limited
b) LEI 2138003W75PP9STE9J18
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of no par value
Identification code
VGG640631039
b) Nature of the transaction On-market purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) GBP Volume(s)
1. 0.00825 1. 3,500,000
2. 0.011 2. 1,000,000
3. 0.0119 3. 100,000
4. 0.012 4. 100,000
5. 0.012398 5. 100,000
6. 0.012898 6. 100,000
7. 0.0125 7. 100,000
d) Aggregated information
- Aggregated volume
- Price 5,000,000
0.0092 GBP
e) Date of the transaction 9 May 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
5,000,000
0.0092 GBP
e)
Date of the transaction
9 May 2022
f)
Place of the transaction
London Stock Exchange, AIM
Note:
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
("MAR"). Upon the publication of this announcement via Regulatory Information
Service ("RIS"), this inside information is now considered to be in the public
domain. If you have any queries on this, then please contact Hanno Pengilly,
Chief Executive Officer of the Company (responsible for arranging release of
this announcement) on +27 (0) 71 362 3566.
About Ncondezi Energy
Ncondezi is an African power development company with an advanced staged,
integrated 300MW thermal coal power plant and mine project located in the Tete
Province, Northern Mozambique.
The Company is focused on providing reliable, affordable and accessible
baseload energy to Mozambique and secure against the effects of water drought
and intermittency of new renewables. This project supports Mozambique's energy
strategy of universal electricity access by 2030. According to the World Bank,
only 30% of the Mozambican population had access to energy in 2017. The
Ncondezi Project would provide 300MW of reliable and available power helping
to close the infrastructure gap of the region and serving as a catalyst for
economic development.
The power plant will be designed to be equipped with state-of-the-art
emissions controls technologies that will reduce local air pollutants,
minimizing the plant's impact on the environment and ensuring its compliance
with the most stringent emission standards
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